Millions Shuttered Out of Mortgage Refinancing

Unfortunately, strict lending standards, little lending, and underwater properties kept over 2.5 million people from refinancing.

I have an idea; if we the tax payer are giving free money to the banks with low rates to which the banks buy treasuries and make free money how about letting the banks eat some of the losses in a underwater property.

When a property is foreclosed on the most the banks are making is 60 cents on the dollar. So why not help out your fellow citizens who are in turn keeping you in a survival zombie state of being.

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